Analysis of the past day

On Wednesday, trading on the foreign exchange market was multidirectional. The main driver of the market was the correction and further strengthening of the dollar against commodity currencies. Additional support for the growth of the dollar against the raw materials were weak inflation datanin Australia and the soft rhetoric of the Bank of Canada. Against the background of the continued growth of the dollar, safe haven assets stood out, which strengthened against the American dollar on rising risks.

Stock exchanges were traded differently throughout the day, showing a decline in the European session and causing an increase in pessimism (Nikkei 225-0.33; DAX +0.50; FTSE 100-0.30; Dow 30 +0.05).

The US dollar index on Wednesday updated the high at 97.80, maintaining the upward trend, but limited to overbought. Resistance levels: 97.80 and 97.90, support: 97.60 and 97.50.

Fig. The US dollar index chart. The current price is 97.70 (10-year government bonds yield is the blue line)

Hanzenko Anton